I am one of the thousands of people that invested in Encore Clean Energy at the behest of Mr. Shultz. Encore claimed to have developed a waste heat recovery system called the HeatSeeker (among some various other bogus products). Shultz had me invest in this worthless company. Years after my investment I found out that Larry received a huge finders fee from my investment that he never told me about.
I invested because Shultz told me that the HeatSeeker was in the final stages of development. Years later I found out this was just a pinky scam shell company, and the technology never worked. It was only a concept, but Shultz over-embellished in order to pocket some cash to make up for his other scams running dry. Now I am holding worthless ECLN stock while Larry pocketed some of the cash I invested!
I will post more about his other scams that include: a stolen airbag deployment technology, Cryotherm Crap, a fake wireless gaming device, and a snake oil scam. Shultz has been busy moving from one scam to another. Don't be fooled!
